Guzman y Gomez (ASX:GYG) Beneish M-Score : 0.00 (As of Dec. 11, 2024)

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What is Guzman y Gomez Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Guzman y Gomez's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Guzman y Gomez was 0.00. The lowest was 0.00. And the median was 0.00.

Guzman y Gomez Beneish M-Score Historical Data

The historical data trend for Guzman y Gomez's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Guzman y Gomez Beneish M-Score Chart

Guzman y Gomez Annual Data

Trend

Jun22

Jun23

Jun24

Beneish M-Score

Guzman y Gomez Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	-	-	-	-	-

Competitive Comparison of Guzman y Gomez's Beneish M-Score

For the Restaurants subindustry, Guzman y Gomez's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Guzman y Gomez's Beneish M-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Guzman y Gomez's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Guzman y Gomez's Beneish M-Score falls into.

Guzman y Gomez Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Guzman y Gomez for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Jun24) TTM:

Last Year (Jun23) TTM:

Total Receivables was A$26.0 Mil.
Revenue was A$364.8 Mil.
Gross Profit was A$277.2 Mil.
Total Current Assets was A$338.6 Mil.
Total Assets was A$661.8 Mil.
Property, Plant and Equipment(Net PPE) was A$181.4 Mil.
Depreciation, Depletion and Amortization(DDA) was A$31.1 Mil.
Selling, General, & Admin. Expense(SGA) was A$232.3 Mil.
Total Current Liabilities was A$84.3 Mil.
Long-Term Debt & Capital Lease Obligation was A$217.3 Mil.
Net Income was A$-13.7 Mil.
Gross Profit was A$0.2 Mil.
Cash Flow from Operations was A$36.8 Mil.

Total Receivables was A$0.0 Mil.
Revenue was A$259.0 Mil.
Gross Profit was A$188.6 Mil.
Total Current Assets was A$0.0 Mil.
Total Assets was A$0.0 Mil.
Property, Plant and Equipment(Net PPE) was A$0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was A$25.5 Mil.
Selling, General, & Admin. Expense(SGA) was A$164.6 Mil.
Total Current Liabilities was A$0.0 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.0 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(26.02 / 364.76)	/	(0 / 259)
	=	0.071335	/	0
	=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(188.6 / 259)	/	(277.18 / 364.76)
	=	0.728185	/	0.759897
	=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (338.626 + 181.426) / 661.797)	/	(1 - (0 + 0) / 0)
	=	0.214182	/
	=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	364.76	/	259
	=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(25.5 / (25.5 + 0))	/	(31.123 / (31.123 + 181.426))
	=	1	/	0.146427
	=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(232.266 / 364.76)	/	(164.6 / 259)
	=	0.636764	/	0.635521
	=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((217.297 + 84.287) / 661.797)	/	((0 + 0) / 0)
	=	0.455705	/
	=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-13.748 - 0.228	-	36.765)	/	661.797
	=	-0.076672

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Guzman y Gomez Beneish M-Score Related Terms

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Guzman y Gomez Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Guzman y Gomez Ltd (ASX:GYG) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

126-130 Phillip Street, Level 5, Sydney, NSW, AUS

Website

https://www.guzmanygomez.com.au

Guzman y Gomez is a Mexican-inspired quick-service restaurant operator and franchisor. Most stores are in Australia. Underpinning the company's growth outlook is an ambitious plan to reach a network of more than 1000 Australian stores over the next 20-plus years. At the end of fiscal 2024, its footprint stood at a around 200. Guzman also has a nascent presence in Singapore and Japan through master franchise agreements and runs a handful of corporate-owned restaurants in the US.

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